Aliko Dangote, Africa’s wealthiest individual and the Chairman of Dangote Group, has announced that Nigeria will stop importing fuel next month, thanks to the operationalization of the Dangote Refinery. This development was shared during the Africa CEO Forum Annual Summit held in Kigali on Friday, where Dangote expressed optimism about reshaping Africa’s energy sector. Dangote … Read more
Nigeria’s Dangote Refinery in Lagos is looking to procure millions barrels of United States’ crude oil over the next year to boost its processing rates, Bloomberg reported on Thursday. According to the report, the refinery, spearheaded by Africa’s wealthiest individual, Aliko Dangote, has put out a term tender seeking to purchase two million barrels monthly … Read more
The Transmission Company of Nigeria (TCN), on Saturday, in Benin, said that there would be a power outage in its Amukpe substation for two weeks. This is according to a statement signed by the General Manager, Public Affairs of TCN, Ndidi Mbah. Mbah said the disruption would begin on May 4 and last till May … Read more
Data released by the National Bureau of Statistics (NBS) revealed that 18 out of the 36 states in the country failed to attract foreign investment in the last three years (2021 – 2023). NBS listed the states as follows : 1. Bauchi 2. Bayelsa 3. Benue 4. Borno 5. Cross River 6. Ebonyi 7. Edo … Read more
The Edo Refinery has confirmed receipt of a total of 15,000 barrels of crude oil in 2024 for production from the Oza Oil Field operated by Decklar Resources Inc. and its co-venturer, Millenium Oil & Gas Company Limited. The Chief Executive Officer of Decklar Resources, Sanmi Famuyide who disclosed this in a statement, noted that … Read more
The Federal Government, FG, through the Bureau of Public Enterprises is currently carrying out transactions for the sale of five power plants under the National Integrated Power Projects at a cost of about $1.15bn, it was gathered on Tuesday. Although sources familiar with the development explained that the cost of the plants should exceed $5bn … Read more